Key Points
Japan'sNikkeishare average ended higher on Friday, driven by chip-related heavyweights, and posted a recordfiscal-yeargainin terms ofpoints amid heavy foreign buying...
The rally was supported by foreign buying on a weaker yen and expectation that the Bank of Japan will stick with loose monetary policy...
"Investors remain cautious over a possible intervention in the currency market but overall they take the weak yen as a positive factor for domestic stocks," said Fumio Matsumoto, chief strategist at Okasan Securities...
The yen fell to a 34-yearlow against the dollar this week, prompting local authorities to hold an emergency meeting, a sign Tokyo is moving closer to intervening in the market...
The sector has been underpinned by a government survey.released this week that showed land prices in the country rose at the fastest pace in 33years in 2023...
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